Bitcoin’s time has come: TIME magazine to hold BTC on balance sheet
Crypto asset manager Grayscale has partnered with TIME magazine to drop a series of educational crypto videos.

Institutional fund manager Grayscale has partnered with acclaimed New York-based magazine TIME to produce an educational video series on the subject of crypto assets.

The partnership was announced on April by Grayscale’s CEO, Michael Sonnenshein, with Sonnenshein revealing that TIME and its president, Keith Grossman, will receive payment in Bitcoin.

Further, TIME does not intend to convert the Bitcoin it receives through the deal into fiat, and will hold the crypto asset on its balance sheet. No further details of the partnership have been revealed so far.

Bitcoin goes yellow as Simpsons episode features BTC price rising to infinity
An episode of The Simpsons that aired on Sunday shows the price of Bitcoin rising by infinity, with GameStop and Tesla stocks making similarly improbable gains.

The Simpsons, one of the most popular animated sitcoms in TV history, has made a rather bullish prediction for the price of Bitcoin.

In Sunday's episode of the 31-year-running cartoon, titled "Burger Kings," the characters get into the financial market for stocks of a new burger chain created by the town's billionaire, Montgomery Burns. When Marge is checking on her gains during an episode of "Crazy Cash" — seemingly parodying Jim Cramer’s Mad Money — the ticker feed clearly shows the price of Bitcoin (BTC) next to a green infinity symbol.

Other comedic predictions include the value of the entire United States dropping by a quarter-point, GameStop stock rising by 1 trillion, and Tesla: "If you have to ask, you can’t afford it."

Galaxy Digital submits Bitcoin ETF application with SEC
If approved, Galaxy Digital’s ETF would use the Galaxy Bitcoin Index as a pricing mechanism.

Galaxy Digital has submitted a Bitcoin (BTC) exchange-traded fund filing with the United States Securities and Exchange Commission.

According to the form S-1 published by the SEC on Monday, the Galaxy Bitcoin ETF — if approved — will trade on the NYSE Arca exchange, with the Bloomberg Galaxy Bitcoin index tapped as the pricing mechanism.

Detailing the price mechanism for the prospective Bitcoin ETF, the filing reads:

“The end-of-day Index price is calculated using the Bloomberg Crypto Price Fixings (‘CFIX’) mid-price for bitcoin. CFIX is based on pricing provided by the Bloomberg Generic Price (‘BGN’) using Bloomberg’s data, technology and distribution platforms, and is made broadly available to the investment community with the objective of providing cryptocurrency fixings that are reliable, representative, and transparent.”

This Daily Dose was brought to you by Cointelegraph

Share this post